Abbas39

$MEU $MEU.ASX couple more of sideway days

Long
ASX:MEU   MARMOTA LIMITED
$MEU $MEU.ASX
Business Summary (as at 30 Jan 2020)

Marmota Limited (MEU, formerly Marmota Energy Limited) is a South Australianmining exploration company, focused on gold , copper and uranium. Gold explorationis centred on the Company's dominant tenement holding in underexplored GawlerCraton, near the Challenger gold mine, in the Woomera Prohibited Defence Area. TheCompany's cornerstone copper project is based at the Melton project on the YorkePeninsula.The Company's uranium project is based at Junction Dam adjacent to theHoneymoon mine

Latest Operational History 26June2020 -
Marmota reported positive high-grade intersectionsfrom the first 2020 drilling at Company's 100%-owned gold discovery atAurora Tank, including intersections over 1m of 74 g/t gold . Tests ofhigh-grade gold at Aurora Tank found that gold grains collected at 38mto 39m downhole (105 g/t gold ) on the NW flank are predominantlyprimary mineralization. The Company announced that RC Drilling isdue to commence in 3 weeks (around mid-July 2020).

Substantial Shareholders
Colin Rose (10.9%)
Southern Cross Capital Pty Ltd (8.7%)
Mr John C Huizenga (6.7%)


Directors
Dr Kevin John Anson Wills (Executive Director- Exploration)
Mr Shane Barker (Director - Production)
Dr Colin Rose (Executive Chairman,Executive Director
Trade active: Valuation Rating Undervalued
Fair Value Estimate 0.086c
Fair Value Percentage Diff 30.35%
Trade active: time is up for this one to go higher.
Trade closed manually